Morocco: Talc And Steatite Market 2024

Talc And Steatite Market Size in Morocco

After two years of growth, the Moroccan talc and steatite market decreased by -5.8% to $X in 2022. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Talc And Steatite Production in Morocco

In value terms, talc and steatite production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 272% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports from Morocco

In 2022, shipments abroad of talc and steatite increased by 178% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 1,034,600%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, talc and steatite exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 743,800% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for talc and steatite exports from Morocco, with a 86% share of total exports. Moreover, talc and steatite exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Mauritania (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire stood at +180.8%.

In value terms, Cote d'Ivoire ($X) emerged as the key foreign market for talc and steatite exports from Morocco, comprising 87% of total exports. The second position in the ranking was held by Mauritania ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +145.5%.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, growing by 239% against the previous year. Overall, the export price recorded strong growth. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Mauritania amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (+1.6%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Morocco

In 2022, approx. X tons of talc and steatite were imported into Morocco; shrinking by -26.3% compared with the previous year's figure. In general, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of X tons, and then fell significantly in the following year.

In value terms, talc and steatite imports dropped to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

France (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of talc and steatite imports to Morocco, together comprising 58% of total imports. Belgium, Finland, Turkey, Egypt and Spain lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +80.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite suppliers to Morocco were Austria ($X), Belgium ($X) and France ($X), together comprising 69% of total imports. Italy, Finland, Turkey, Spain and Egypt lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Turkey, with a CAGR of +85.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 an increase of 17%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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